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20121129
20121207
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CSPAN
Dec 6, 2012 7:00am EST
that is the proposition of letting the fiscal cliff expire, go down the fiscal cliff for tax rates, and adjust the taxes for the 98% through the rebate process. and this could be available for anyone, any president. let the bush tax rates apply as a ceiling, and then apply the rebate process to control the 98%. host: why do you propose that? what is the advantage in your view? caller: because the executive branch, the president, whoever it is, would have the ability to adjust the tax effectively for anyone who falls below the clintons' ceiling, and they could do this anytime. there would not have to go back to congress. -- they would not have to go back to congress. guest: it is true that technically the administration can do some things without even the congress's approval, but it would not be a lasting solution. let's say you could freeze the amount of withholding that you pay three paycheck at the level it was this year, for the 98%, and increase withholdings for everyone else as the law would dictate if you read over the cliff. -- went over the cliff. but the 98%, if they did not ac
CSPAN
Nov 30, 2012 7:00am EST
pass it, or to block action on the fiscal cliff if the markets are going ballistic. it would settle down after a while. host: what is the likelihood we will see changes? guest: they will not necessarily occur at the beginning of congress. there is a good chance that they will step back and do a compromise that involved both parties. host: norman ornstein, thank you for your time. we'll take a closer look at expiring tax credits for families and business with steven sloan of politico. we'll have that right after this. [video clip] >> a program began under rexford tugwell, who was one of the advisers to president franklin roosevelt, to document the conditions under which people were living. this was back when we didn't have television. we had radio, but a lot of places didn't have electricity, so they couldn't listen to the radio broadcast to find out what was going on other in parts of the country. roy stryker, who was an economist from columbia university, he was the head of this project, and in 1939 when kodak introduced color film, they sent film to roy stryker to have his photographers try
CSPAN
Dec 7, 2012 7:00am EST
president obama. the democrats have to bend it. if we have to go off of a fiscal cliff, if we let him have 100% of he once, let it rip. i make good money now. i was almost at the poverty level. i understand how hard it is down there. i pay taxes when i was above poverty level. every person in a america needs to pay some taxes, even if it is only $10. i love c-span. host: you said you would not be willing to give the president 100%. he would be willing to go off the cliff if that was the demand. how much would you be willing to bend? caller: i think we have to bend a lot because he won the election. but we are spending where we do not have money. yes, we have to bend it. i am truly a republican. i believe in our philosophy. most of the time, now 100%. i vote republican because they believe we should work for a living and not be handed out. if president obama thinks he deserves 100%, he is so wrong. he is not american. he is just not for us. it is always funny to me. i listen to you and you are great. when i listen to you, i think you the more to the left. it is amazing how i can think you lean left and democrats think you link to the right. i love you anyway. you are great. host: thank you for the call. we want to
CSPAN
Dec 4, 2012 7:00am EST
cliff for the last couple months or so. my problem is they're talking about cutting revenue and entitlements. when it came down to entitlements in the first place, i paid into social security for 30 years. i paid my money. it does not make any sense for you to cut my salary which is almost lower than $16,000 a year. i used to make $38,000. now down to $16,000 and i have to give up more? i do not think that is right. if they just do one thing, all the congressional people, all of the senate people and the people in washington, d.c., give back $10,000 from themselves. 2%. i think they can come up with almost a billion dollars right there. host: ted, what do you think? caller: good morning. i believe that several of the callers today saying that the government should be run like a household. [indiscernible] they need to be able to do that to keep the economy going. programs like medicare, why they are paid into by people throughout their lives, they need to have oversight in order to keep them leaner. i work with medicare a lot. they need to be reigned back a little bit. the way that positions are reimbursed, the wa
CSPAN
Nov 29, 2012 7:00am EST
. the metaphor of a cliff is misleading. a cliff is something that you step off and fall down. others have used the metaphor of a fiscal slope. on january 1, nothing happens, but people's paychecks will be reduced somewhat. government agencies will have to look at how to trim their budgets. they probably will be able to push of those cuts to later in the year. they can do things so it will not have a drastic impact. everyone expects that congress eventually will reach a deal. i hope it is not after january 1, but it could be. if it is, there is the expectation that eventually congress will wait until the very last minute and then finally reach a deal. with those expectations -- we will mention the amt -- there is an expectation that will be patched, as it is every year. host: to see congress and the president doing the so-called kick the can down the road act? guest: i do not think so. i think the president has been very firm that he is not going to just sign an extension of all the tax cuts, including for the top 2% of earners. he was -- there was no issue that he was more clear on.
Search Results 0 to 4 of about 5